The Online brokerage service TD Ameritrade appears to have taken the leap and entered the world of cryptocurrencies. The service has for a while now, had a page on its site, referencing its partnership with ErisX and encouraged interested parties looking to trade bitcoin to get in contact with them.
“As an investor, you’re always looking for opportunities. And as a firm we are, too. That’s why TD Ameritrade Holding Corporation has invested in ErisX — an innovative company that plans to offer traders access to cryptocurrency spot contracts, as well as futures contracts, on a single exchange”.
The finding first came from twitter user ‘Cryptopolis’ who reports they were able to buy ₿1 through their TD Ameritrade account. It also appears that trading had begun on April 10th, however, this is the first time it has been made available to the rest of Amerites customers. ‘Cryptopolis’ did however, publish an update later when more information arose, stating:
“According to TDAmeritrade support — it’s not a real trade in my account — it appears they are testing only using their Paper Trading platform. Support said “I’m not able to speak on it” -They did not know what CXERX is. Strange… But something is going on for sure!”
The support team, while unable to expand much, were able to share the fact that CXERX potentially standing for ‘Crypto Exchanged ErisX’ is not a symbol they trade on the live side. The support team member continued, suggesting the symbol is most likely something in testing.
“The only bitcoin related products that we trades [sic] are Bitcoin Futures under /XBT,”
The finding was soon corroborated thereafter, by a handful of twitter users including ‘AmericanoClay’ and Litecoin Creator ‘Charlie Lee’ who discovered that Litecoin was also listed for trading under the same CXERX symbol. As of writing no further digital assets appear to be listed.
According to a SEC report for the fiscal year ending September 30, 2018, Amerite had 11,514,000 funded client accounts and client assets of $1.297 trillion and the company executed an average of 811,110 client transactions per day. Bitcoin Magazine reached out to TD Ameritrade for comment on the story, they replied:
“While we currently offer access to bitcoin futures, bitcoin is not available for spot trading on TD Ameritrade’s platform,” the spokesperson said. “We always look to implement products our clients have demand for. When it comes to cryptocurrencies, we take a deliberate approach with a focus on education.”